REAL ESTATE SECTOR REPORT

REAL ESTATE SECTOR REPORT

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Real Estate players have warned that the imbalance in the housing estate will continue for more years, as private investors now eye commercial businesses over low income houses.

 

According to a report released by Knight Frank today, private investors now target commercial property due to the high cost of credit, shunning moderately priced residentials, despite the huge demand.

 

The Managing Director, Knight Frank, Judy Rugasira, also warns of high prices in the current financial year given the recent increase in the cost of construction materials.

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